#GALA is the token of the Blockchain game creation platform Gala Games. With the aim of revolutionizing the gaming market, this environment is one of the most promising on the market.
Considered one of the most prominent cryptos throughout 2021, the Gala Games platform currency draws attention due to its relationship with the universe of games and NFTs. But, is it worth investing in the GALA cryptocurrency?
Throughout this content, you will find all the information necessary to reach your conclusion. You will understand everything from the concept of the Gala Games platform to the type of token and how GALA works. So, read until the end and see if it is a good fit for your digital asset portfolio.
What is GALA cryptocurrency?
The GALA cryptocurrency acts as a utility token within Gala Games, a platform that allows players to own NFTs, typically used in Blockchain games.
GALA is considered a utility token because those who own its native cryptocurrencies can use them to enjoy Gala Games' services.
GALA tokens run on the Ethereum and Binance Smart Chain (BSC) networks. Therefore, the entire security of these assets is guaranteed by the validation process that takes place in these networks.
Another important point about the GALA token is its total supply. Information from the whitepaper says there will be a maximum total supply of 35 billion GALA tokens. As of mid-2021, there are 7 billion GALA in circulation.
What is Gala Games?
Gala Games is a platform that enables the development of play-to-earn games on Blockchain. According to the description on the project's official website, the objective is to create Blockchain games that are accessible to everyone.
To achieve this, one of the main premises is to give players back control of their games. Below, we will explain this detail when we present the differences of this platform.
The platform was launched in 2019. It is currently estimated to have over 5 million active users and over 32,000 gamer-run nodes powering the ecosystem.
Also according to information on the Gala Games website, the company currently has more than 60 employees. Its founder, Eric Schiermeyer is also the co-founder of Zynga, a popular social and mobile gaming company.
It became a promising currency when Facebook changed its brand to Meta and cryptocurrencies of this style soared. To give you an idea, GALA saw an 800% jump in one month.
What sets Gala Games apart?
Gala Games brings a series of differences that separate it from a series of other cryptocurrencies. Check it out below:
Blockchain games for various types of players
Unlike some players in the market, Gala Games has alternatives for players with no experience in Blockchain games and also for those who are experts on the subject.
Player ownership
The platform's objective is to give players control over games and actions in these environments. In this way, a player's items and any status are transformed into verifiable assets on the Blockchain network, this allows the person themselves to decide what they are going to do, including carrying out negotiations and exchanges.
Community contribution
There is a community responsible for developing and building the gaming environment and new games within the platform.
Community feeding
The main support of the platform is the nodes, players and node owners are enlisted, through distributed voting mechanisms, this process serves to decide on projects that are financed by the Gala Games decentralized ecosystem.
What are the Gala Games games?
As we said, unlike other projects related to game tokens, GALA is an asset related to an environment in which several games will be available.
Below, we list 3 of the main games on the platform:
Town Star: considered one of the main games on this platform, the game allows players to own properties in a city, participating in management and experiences related to this context. Town Star is now available and is already considered a good alternative for those looking for simulation games, with more than 1 billion players.
Spider Tank: is a multiplayer online battle arena game that allows players to choose items for duels with other players. The game has alternatives for earning mechanisms according to the player's performance in these battles.
Mirandus: This game is already strong in the fantasy RPG game community. In this universe, there is a government divided into five monarchs and other players can acquire land.
GALA prediction for 2024
The outlook for GALA for the rest of the year depends on the direction the market will take in the coming months, especially the performance of Bitcoin. It is worth mentioning that in 2024 the Bitcoin Halving will take place, which will reduce the amount of coins issued with each coin mining.
The Bitcoin Halving happens every 4 years, and causes the currency to become more valuable and leverage other cryptos with it. For this reason, GALA may gain value in this process.
If #GALA exceeds its ATH in this bull run we could see prices close to, if not higher than, $1.00; an appreciation close to 1000% of its current price!!!
